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HomeBusinessTata Capital Introduces Digital Loan Against Mutual Funds: How To Avail

Tata Capital Introduces Digital Loan Against Mutual Funds: How To Avail


It gives an end-to-end on-line journey for purchasers, ranging from onboarding to disbursement

Tata Capital introduced the launch of mortgage in opposition to mutual funds (LAMF) for purchasers to avail fast, hassle-free loans ranging between Rs 5 lakh – Rs 2 crore. This can be a first-of-its-kind providing within the mutual fund trade. The monetary providers firm of the Tata Group’s digital mortgage providing is offered in opposition to a wide range of debt and fairness schemes throughout mutual funds (MFs). 

For this, prospects can avail the mortgage quantity by marking a lien on the mutual fund items that are managed by a number of asset administration firms, in line with a latest assertion shared by Tata Capital. The mortgage in opposition to mutual funds is backed by analytics and is a personalised product fitted to numerous fund necessities of shoppers.

The mutual fund trade’s belongings underneath administration (AUM) has grown from Rs 1,518,000 crore in July, 2016 to Rs 3,532,000 crore in July, 2021, marking over a two-fold enhance in a span of 5 years, in line with AMFI (affiliation of mutual funds in India). 

The mortgage quantity in the digital providing is personalized based mostly upon the worth of the items within the mutual fund folio in addition to tenure, in line with the assertion. 

Some key advantages of the digital mortgage in opposition to mutual funds are as follows:

  • It gives an end-to-end on-line journey for purchasers, ranging from onboarding to disbursement
  • The mortgage may be utilized as an overdraft facility or as a time period mortgage
  • As a part of the providing, the auto renewal facility is obtainable for a tenure exceeding one 12 months – which is topic to overview of the mutual fund portfolio
  • The on boarding journey is accomplished inside a matter of minutes
  • The service portal consists of options for drawdown, disbursement, further pledging and de-pledging. It additionally gives a simple on-line execution of paperwork.



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